Penny Stocks To Buy With Price Targets Up To 168% According To Analysts Maxim Group & H.C. Wainwright.
There is blood in the water after last week’s (2/22/2021 – 2/26/2021) extreme volatility in the stock market, which has left investors & traders on uncertain footing. Nearly every market sector pulled back as interest rates, economic growth, stimulus, and of course, coronavirus cases were all in the public spotlight. Monday, March 1, 2021, the market opened strong, staying true to the wild volatility it has become known for.
March 2021 Starts Off By Providing Clarity To Traders & Investors On Key Issues & Topics
On Saturday 2/27/2021 the FDA issued an emergency use authorization for the third Covid-19 vaccine from Johnson & Johnson’s (NYSE: JNJ). This single-shot vaccine has begun distribution within the United States giving the public a new and 3rd choice for a Covid-19 vaccine. What’s more, over the weekend, the House passed President Biden’s Covid-19 relief package, which now goes to a vote in the Senate. The stock market seems to be reacting favorably to these events.
Many Wall Street bulls have supported further growth in the market. The Oracle of Omaha, Warren Buffett said this in his annual letter over the weekend: “Despite some severe interruptions, our country’s economic progress has been breathtaking. Our unwavering conclusion: Never bet against America.”
Warren Buffett’s words seem to have rippled through the analyst community as well, with a slew of new ratings and target changes to begin the month of March. Among these analysts, H.C. Wainwright and Maxim have just issued fresh outlooks on several penny stocks to kick-off the final month of Q1 2021.
According to analysts, these are the top 3 penny stocks to buy right now:
Super League Gaming Inc. (NASDAQ: SLGG)
ReWalk Robotics Ltd. (NASDAQ: RWLK)
Fortress Biotech Inc. (NASDAQ: FBIO)
On March 1, 2021, Maxim Group initiated coverage on Super League Gaming (NASDAQ: SLGG) giving a Buy rating on the company. The firm also set a $6 price target on the penny stock suggesting a potential upside of 91% compared to its closing price on Friday (2/26/2021). Will Super League’s stock manage to reach these heights?
Esports has been a fast-moving and huge growth sector. Instead of building teams or developing the games themselves, Super League has taken a different approach of providing video-game-derived entertainment as well as an esports community aggregator & media distribution. Super League recently announced a partnership with Harena Data Inc. to produce and distribute video gaming and esports entertainment.
[Read more] How To Buy Penny Stocks in 2021
“Harena Data is one of the best-kept secrets in video gaming and esports. They have an impressive set of initiatives dedicated to making esports and gameplay accessible to an ever-increasing global audience…